We want higher inflation, it reduces our deficits in real terms. I have a mortgage to pay.

Over the next 2 / 3 years a new carry trade will open up across the monetary sphere as the creditor nations tighten up in the face of inflation and the indebted nations deliberately lag monetary policy tightening by 12 – 18 months.

Why repay your creditors with current tax receipts when you can repay them with new money created as surplus out of thin air from your central bank?

Is the snake eating it’s tail? No, it’s just a case of supply and demand… No creditor wants to be paid with money from thin air, but they will begrudgingly accept a portion of payment from this conduit before they revolt.

The central banks of indebted nations just need to figure out how much surplus money can they create before their respective creditors revolt.

Force feed them without making them sick.

The West wants growth, we want high employment, we want inflation. Double all prices and wages and the burden of our debts will have halved.